BHEL's Profits Surge as Revenue from Key Sectors Boost Growth
Bharat Heavy Electricals Ltd (BHEL) reported a three-fold increase in net profit to Rs 390.40 crore for the December quarter, driven by revenue growth across key sectors. In comparison, last fiscal's net profit was Rs 134.70 crore. Total income for the quarter rose 18%, supported by strong performance in the power sector.
- Country:
- India
Bharat Heavy Electricals Ltd (BHEL), India's largest engineering and manufacturing company under the Ministry of Heavy Industries, announced a significant increase in profits.
For the December quarter, BHEL's net profit surged threefold to Rs 390.40 crore, compared to Rs 134.70 crore in the same period last year, according to a recent exchange filing.
The company's total income saw an 18% rise, reaching Rs 8,691.85 crore. This growth was largely propelled by the power sector, where revenues climbed to Rs 6,322.36 crore from Rs 5,588.45 crore in the previous year.
Advertisement
Google News